Personal Finance I was a witness to an auto accident - Now I have a $500 collections bill for an EMS/firetruck dispatch on my credit report |
- I was a witness to an auto accident - Now I have a $500 collections bill for an EMS/firetruck dispatch on my credit report
- Keep calm and ignore the stock market swings
- $100k Wire Transfer Lost!? Please HELP
- I've been having a tough time getting a straight answer on what my company's 401k match is. Can someone help be decipher this line I found deep in the employee handbook?
- 19 year old college student making 2,000 a month
- I just won $100k and I have a gambling and perhaps drug problem. I have some questions.
- Credit One holders: CAUTION- according to their fb, it looks like everyone received a past due text.
- Update: Won $120k scratcher, re-enrolled at University, need advice on financing
- Stocks from 1979
- I’m paying down my student loans aggressively while I live at home. I’m at the point where I have enough in personal savings to pay them off. Should I do it, or is there a benefit to continuing my payments?
- What can I do to prepare for the cost of health insurance when I turn 26?
- I (19) have a bank account with mom, keeps taking out money. Next steps?
- What's the difference between private options and RSUs in compensation packages?
- Never filed taxes before… but I've also never had any income.
- 75 years old with 20k to invest
- Comcast/Xfinity sent me a modem...I am not a customer of them
- When can I move out of my parents house?
- Inherited $11k. Currently have $9k credit card debt. What to do?
- Already budgeted for 2019 with current Salary, just got word of a 25% raise...
- 4 months free of my addiction, but now I'm restarting my life at 30. Homeless, no car, 440 credit score with 90K in private student loans, broke and very little support. What do I do?
- Am I overthinking/just nervous about buying a home for the first time?
| Posted: 06 Dec 2018 07:36 AM PST Back a couple years ago I was a witness to a multi-car auto accident on the freeway where firetrucks, ambulances, and multiple tow trucks had to be called. To preface, no damage was done to my vehicle. No insurance claims were filed against me or on my behalf. Everyone in my vehicle was fine (albeit shaken) and we drove away from the scene after giving a statement. These facts matter. A week after the accident I received a bill for $500 for the Fire/EMS crews that showed up. I immediately called the number on the bill and was told that everyone involved in the accident was charged $500 to recoup the cost of sending those crews out (isn't that what my taxes are for?) but not to worry because my insurance will cover it in my claim. I told the guy I didn't file a claim because no damage was done to my vehicle and I only stayed as a witness. I was told that if I was only a witness then I shouldn't be charged a fine and I need to write that in a letter and mail it to them for their records and they'll take care of it. Seems reasonable and simple enough so that's what I did. A few months go by and I receive the same $500 bill saying it's going to collections if I don't pay immediately. I call the number again and tell them the same story. They also tell me the same story - I need to write a letter and send it in to them. I told them I already did that and they said maybe I didn't write things out clear enough and to write another letter and send it in. This was 2 years ago and I thought everything was good to go because I never heard anything again. Apparently that's not the case because it proceeded to go to collections during this time and within the last 12 months I had this $500 bill show up on one of my credit reports dinging me 50 points. I've disputed this collection through the credit reporting agency but it's still on my report. What do I need to do to make this go away? It's extremely frustrating. Edit: Some things I forgot to mention:
Edit 2: RIP my inbox. I promise I will read all the responses and try to respond to them. It's definitely going to take me a few hours so please bare with me. [link] [comments]  |
| Keep calm and ignore the stock market swings Posted: 06 Dec 2018 07:07 AM PST
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| $100k Wire Transfer Lost!? Please HELP Posted: 06 Dec 2018 06:22 PM PST Hi, Long time reddit user, but thought I should use a through away as I'm talking about financial information. I live in Australia, however have had a large amount of funds in a Schwab trading account for a few years. I just bought a house a required the funds to settle, so I cashed out my positions and made a 5k then a 10k 'test' wire transfer to my Australian bank account to make sure details were correct. Both of these came through fine, so I then made a transfer request for 100k with the exact same details, it never showed up. The details:
Initially Aus bank said they got a MT103 but required a MT202Cov which they didn't receive. Aus bank has tried to contact Wells Fargo 5 times now without a response. Basically Schwab and Aus bank are pointing fingers at each other, what makes things more difficult is that the two companies don't have a single overlapping business hour for me to loop both into a call, in addition both don't let you talk to the International Money Transfer team directly, further confusing the matter. The request was submitted on the 26/11, it's now been 2 weeks and no one seems to know where it is, I need these funds for settlement and I'm really starting to fall apart, if anyone has any ideas or insights of what I should do next please let me know, I would truly appreciate it. [link] [comments]  |
| Posted: 06 Dec 2018 08:35 AM PST Basically the title. I earn 34k a year as a admin assistant in a surgeons office. Ive been here for almost two years and started contributing 5% of my income a few months ago to the 401k. Whenever I check my 401k its worth slightly less than Ive contributed. (Given about $500, worth about $460). I also have a personal Roth Ira with $1000 in it and Im wondering if my money is better spent there. I found this paragraph deep in the employee handbook: The Company may, in its sole discretion, make a Matching Contribution on your behalf if you make a "Matched Employee Contribution" during the Plan Year. A "Matched Employee Contribution" is any 401(k) Contribution or Catch-up Contribution that you may make. If you make a "Matched Employee Contribution" the Company may contribute to your Matching Contribution Account in an amount and allocation formula as determined by the Company in its sole discretion. The Internal Revenue Code may also further restrict Matching Contributions for highly compensated employees. [link] [comments]  |
| 19 year old college student making 2,000 a month Posted: 05 Dec 2018 01:47 PM PST I'm a part time student in community college working 2 jobs. I have 3,500 in my savings, zero credit and few monthly bills. I save more than 90% of my income from my 1st job and live off of my 2nd job which doesn't pay as much. I drive an old beater car, live extremely frugal and am scared of seeing my money in my savings plummet. My family and friends are annoyed of my lifestyle as I work too much and don't "treat" myself with shopping or trips out but I'm okay with that knowing I have money. However, I'm not sure if this is unhealthy or if anyone can relate to me. Should I stop being a freak with money? Am I always going to be like this and never really enjoy life as other people say? Edit: I want to thank you all for your advice and even praise! I read through all comments and will for sure look into good advice I've seen I really appreciate your opinions and effort into giving me your advice. [link] [comments]  |
| I just won $100k and I have a gambling and perhaps drug problem. I have some questions. Posted: 06 Dec 2018 07:48 AM PST Basically what the title says. The details. I just won a lot of money and I am realistic about my addiction and the fact that I will probably go right back to the casino. I got really lucky and won more than I have ever lost and I basically just more scared than anything. I have never gone into debt because of gambling but more than a few times I have taken 10-20% of my bank account and blew it at the casino and I am finding it hard to go more than a week without wanting to do coke. I am basically quadrupling my bank account with this money and I already feel urges to party, "win more" etc. The questions. And some preface I guess. I think it might be a good idea to tie most of this money up in some way for an amount of time before while I figure out what to do with it/deal with my addictions. What are my best options for doing so? I could hire a finance advisor and set myself up on a budget that would enable me to lip but not go to the casino with 10K? Could buy a year long bond with most of it to keep it tied up while I try to tackle my addictions though counseling etc? Could I keep it in a joint account where I am allowed a certain amount per month but need permission to take out more? Could I give it to my father to hold in his bank account and he can just transfer me an amount every month for a few months. This is personal finance so my questions pretty much remain with what are my best options to tie up this money so that I cannot use it while dealing with my addictions. I will still need to live, maintain my life etc. Sorry if this post isn't well written... I have been up all night. I need some financial guidance and other guidance but the other things I am doing are going to a meeting and I also just told my best friend about this and we talked for about an hour and that was a good step one. Thanks you. I realize that this is weird way to go about winning $100k but this is the first time I am faced with the realization of the dangers of these issues. Edit: I am pretty sure I know what I want to do with this money. I want to start a business or invest in a property. I am more wondering about a temporary solution or hold while I get a better grasp on a course of action for these issues. I very well could go to the casino some time this week with 5k-10k and I do not want to do that. Having said that maybe a permanent solution like a property is the best option. I am not sure. Just trying to over explain I guess because I do feel like I have longer term goals for the money. [link] [comments]  |
| Credit One holders: CAUTION- according to their fb, it looks like everyone received a past due text. Posted: 06 Dec 2018 07:08 PM PST If you have Credit One, it appears that the website and phone lines are down currently. I received a text stating that my account is past due, and it appears that everyone else did too. Just FYI. [link] [comments]  |
| Update: Won $120k scratcher, re-enrolled at University, need advice on financing Posted: 06 Dec 2018 01:04 PM PST Title seems ironic, but it's slightly more complicated. So quick summary, back in May I won a scratcher that gives me "$1k/month for the next 10 years" (1 paycheck every May for $12k, ~$8500 after taxes). Since then I've re-enrolled in college and plan on finishing my degree within the next 3-4 years. But now I'm concerned about financing, I'd like to work a maximum of 25 hours per week to give me the best chances of succeeding. I signed up for the student loans giving me $9500 this semester but am only expecting $2100 refund. With working and dividing the refund I estimate that I'll have a max of $1200/mo. for all of my expenses. $700 goes to my basic living expenses giving me ~500 for groceries/transportation/etc. Which is fine, I've lived with a much tighter budget before. But now there's a twist, I've recently blown out my knee with a pre-existing injury (torn ACL/MCL), and after my inevitable surgery the expected recovery time is 2 weeks guaranteed in bed with about 2 months of very limited mobility. With that and my $1,500 deductible, I'm scared that this will affect my job/income. My original plan was to just hustle as much as I could until May, then use my $8500 lotto check to help subsidize my income for the upcoming school year (2019-2020) and then repeat every year until graduation. Then use those checks to pay off whatever student loans I have afterwards. But with this injury I'm nervous that I might not make it until then, so I'm considering private student loans. I know private student loans are a terrible option, I have terrible credit as well as my family so I'm guaranteed a bad interest rate, but I feel that a few thousand would really help keep me afloat during school/recovery. Does anybody have any experience or advice? TL:DR - Won $8500 paycheck every May for the next 9 years. Injured myself recently and am considering a private student loan. Need advice/reassurance. Sorry for the long post just wanted to give a clear picture, thank you for your time [link] [comments]  |
| Posted: 06 Dec 2018 09:25 AM PST My father recently passed away and I was going through his old paperwork. I found 3 AT&T stocks from 1979 and 1 from 1980. Does anyone know how I can go about cashing them in or finding out how much they're worth? [link] [comments]  |
| Posted: 06 Dec 2018 08:01 AM PST If I continue making my payments the way I'm making them, I anticipate having them paid off 100% in the next six months anyway. My average interest rate is 3.86%. Is there any benefit to me continuing the payments, or would paying them off in one fell swoop be better (with the obvious avoiding interest benefit)? I'd also like to buy a house in the next year and a half. So my goal is to pay them off and then save as aggressively as I've been paying off my debt for a down payment. I have little to no consumer debt, so that isn't a concerning factor. If I use my savings, I have nothing. My car is 18 years old, and in need of repairs more frequently. So my savings has been my "emergency car/life fund." I'm afraid to lose that. That would be the major downside to me. I feel like the answer is obvious, but I just want to hear others' opinions. [link] [comments]  |
| What can I do to prepare for the cost of health insurance when I turn 26? Posted: 06 Dec 2018 07:46 AM PST I'm currently on my mothers health insurance and I believe will be eligible to stay on until I turn 26. (4-5 more years) However, I am self employed and won't have an employer sponsored insurance plan to get on. What can I do now to plan for the cost of health insurance? [link] [comments]  |
| I (19) have a bank account with mom, keeps taking out money. Next steps? Posted: 06 Dec 2018 02:32 PM PST Hello, Over the past few months my mom has been taking more and more money out of my account. Usually it is for smallish things like 10 dollars here and there, but now she withdrew $500 with the promise she would pay it back 6 days ago. I am planning to open a new account at Discover which is not my current bank. What should I be aware of going forward? My parents have very much kept me in the dark about my finances to the point where I've never even learned to cash a check and I'm 19. I know it's pathetic but that's an idea of how coddled I've been. I have a job and I am able to update my direct deposit but I don't know if I should go through with the Discover checking account ASAP or wait until I close the other account. I also want to start a savings account as I don't have one - would I be able to deposit part of my paychecks into this savings account every paycheck? I am very under informed. Any advice is appreciated. [link] [comments]  |
| What's the difference between private options and RSUs in compensation packages? Posted: 06 Dec 2018 02:11 PM PST I recently accepted a position that includes equity as part of my compensation package. They are a private company that's never taken a seed round (these are private options... not RSUs). The options in my comp package: 19,000. There are three tiers to the private options package: 5,000- Entry Level 10,000- Mid Level 19,000- Sr./Mgr. This is a 4-year vesting schedule. 25% on my 1-year anniversary, then monthly for 36 months. Can someone break this down for me and explain to me the value of these 19,000 options? I truly have no idea how these work. [link] [comments]  |
| Never filed taxes before… but I've also never had any income. Posted: 06 Dec 2018 05:04 PM PST I'm an American citizen that lives overseas. I'm 33 this year and I've never filed taxes because I've never had any work or income. After college I ended up traveling a little and now I have been living overseas for the past 9 years. I'm lucky enough that I haven't had to work, partly with some money my parents gave me and my significant other (who is not American) pays for our life together now. When I was younger I just assumed I didn't need to file taxes since I lived outside the country and I didn't have any job or income. Now I'm planning on getting married soon and want to make sure the American side of my life is in order. I don't have any plans to move back to the states or anything, but I read that you can get your passport renewal denied if you haven't filed taxes? It's started to become a lingering anxiety more and more recently, and I don't want to get into any kind of trouble because I've never filed taxes (especially since I don't even make any money!) The only time I've made any money in all these years is when I helped a local friend design some posters and a website a couple years back and they paid me a couple hundred US dollars (converted from local currency) I guess I don't even really know where to start right now. Can I just start filing a tax return starting next year (for 2018)? Would I just fill out "0" for income? I do have a bank account in the states and I make like a couple cents in interest each month, do I have to report that? (I haven't even looked at a tax form before, I'm sorry for my ignorance) Would the IRS find it odd that I just started randomly filing taxes at age 33 and don't even have any income to report? Do I have to file for previous years? and if so how far back am I supposed to go? Do I have to file both federal and state tax returns? I used to live in California, but my driver's license is long expired and I don't know if I belong to any state now since I haven't lived in the country for so many years. Also a somewhat unrelated question, but maybe someone can help me with this too: My driver's license (which has been expired for many years now) has an old address on it. My parents moved a couple years ago after my license was already expired. I'm worried that jury duty summons or something might still get sent to that old address since it would be the only address the dmv/government has on file for me? I'm almost a little scared that if I go back to the states there could be a chance I could be arrested for avoiding jury duty or something. Hopefully someone can tell me I'm just being paranoid. Any help or suggestions would be greatly appreciated. [link] [comments]  |
| 75 years old with 20k to invest Posted: 06 Dec 2018 12:35 PM PST My mother in law is 75 and newly retired. She is getting by with social security and small Pention for living expenses. She also received a 20,000 check from her former employer. She wants to know options of how to invest that money. She would like to be able to take it out when she is 85 (10 years) What should she do? [link] [comments]  |
| Comcast/Xfinity sent me a modem...I am not a customer of them Posted: 06 Dec 2018 01:42 PM PST So my mom just received a package and it is a modem from Xfinity. We are verizon customers. The slip in the box says "Hey, my mom's name, we're thrilled to have you as a customer!" On that same slip there is an account number and a phone number. I called the phone number and no one picked up but it seems the service provider is "TextNow." I looked up the account number on xfinity and tried a password reset with the mobile number and the email comes up at "c********sy@alumnidirector.com" Is anyone familiar with this email domain? I looked it up and it looks like it might be a scam. I will be calling Xfinity to get this sorted out but was wondering if anyone had the same experience. We will keep an eye out on credit cards to make sure there isn't any unauthorized transactions. The address on the box of the modem is also 3 numbers off our house address, but the name is my mom's name. So it seems like someone probably signed up on Comcast using a temporary free TextNow number and had a modem sent to my house... probably to redeem some sort of promotional credit or something. We'll just keep an eye out that all credit lines are secure. [link] [comments]  |
| When can I move out of my parents house? Posted: 06 Dec 2018 12:48 PM PST I am 23 years old and just graduated University. I got my first job which pays 71k a year. I have now received another job offer for 61k, however, it's a better career job and I'll be making 83k after a year. This job is a bit farther away in a high cost of life area. I have no debts. I have 9k in my bank account. I am currently living at home with my parents and don't have any payments, essentially all the cash I earned goes straight to my bank account. I'm looking at rooms/apartments around $1200. Is this a good range? Do I currently have enough money to move out, or do I need to save more? [link] [comments]  |
| Inherited $11k. Currently have $9k credit card debt. What to do? Posted: 06 Dec 2018 07:49 AM PST The smartest thing I can think of is to just wipe out the credit card debt. Anybody have any better ideas? Only ask because when I deposited the check, one of the bank managers said I had a couple more options if I wanted to sit down with them and get advising on what to do with it. Edit: thanks for the advice, just going to pay it all off. And yes, I know how to responsibly use a credit card and I know how to budget. [link] [comments]  |
| Already budgeted for 2019 with current Salary, just got word of a 25% raise... Posted: 06 Dec 2018 04:12 PM PST I am already budgeted for 2019 based on my current salary, covering all bills and some extra spending in some categories. I just got word today from my boss of a significant bonus and a 25% raise bringing me well into the six-figure range. What should I do with the excess since I am already budgeted and don't want any lifestyle creep? [link] [comments]  |
| Posted: 06 Dec 2018 05:30 PM PST I've made some really poor choices in my life, but it really spiraled out of control this year. I am still employed, and have a 36K salary. However, there is a very likely possibility I will lose my job within the next couple weeks. I returned from leave a few weeks ago. I'm already applying to other jobs to hopefully have a backup plan because I can't afford to lose my income or benefits. Currently, I owe 29K in federal student loans, and 90K in private loans through Navient. I also have several defaulted cards in collections at 15K. Three other loans at 21K. I was able to get my federal loans enrolled into special program, but Navient has only offered me a rate reduction plan. However, even with that my monthly payment is $502. I've looked into credit counseling, as well as bankruptcy. However, I know that getting student loans dismissed in bankruptcy is extremely difficult. I just know I need to increase my credit score somehow if I want to make it long term. My car was repossessed in July, and I was evicted shortly after. Luckily, I had one good friend who was able to convince me to get help. I went to rehab, and got out after 90 days. My entire family, and most of my friends no longer want anything to do with me. I don't blame them at all, and I just hope to reconnect with them in the future. Not having much support is hard though. The other issue is I have no couches to crash on. Homeless shelters are literally on the opposite side of the city. I've been sleeping in my office at night, when possible, and that might not be an option if I lose my job. I tried to get any kind of assistance from the programs available in my city, county, state, as well as federal ones. However, I make too much money to qualify for anything. I know I need to increase my income, deal with my debt/credit, and start saving something. I just don't know where to start. I'm trying to stay positive, and I'm still going to counseling/meetings 3 days a week. It just all feels so impossible and sometimes it's hard to stay motivated. Where do I start? How do I build a foundation to survive and succeed again? Any and all advice is greatly appreciated! TLDR: Messed up my entire life. No money. How do I fix? [link] [comments]  |
| Am I overthinking/just nervous about buying a home for the first time? Posted: 06 Dec 2018 04:58 PM PST My girlfriend (28) and I (31) have been together for three years and have lived together for 1 1/2 years. We're definitely in it for the Long haul and going to get married. Collectively, we make just north of $100k and live in Wisconsin (Madison). Recently she hit me with the comment, "I want to buy a house/condo." And she doesn't want to sign on for another year at our apartment complex, so she basically wants a house by summer. Neither of us have debt. I have ~$10k in a basic money market account that's essentially my emergency fund, ~$15k in my work 401k plan, another $13k in other long-term retirement funds. I also have around $9k in stock. She just started saving for retirement this year, but says she could contribute $25k for a house with money she has in savings/money her dad would give her. I basically said I'd be willing to put $15k down at most, and that i think we should save properly for another year or so. Right now we don't even have enough for 20% down on a $200k home, which doesn't get you much here. I don't know much about PMI, but know if you can avoid it, avoid it. Is either of us in the right/wrong? Am I dumb to think it seems like a rush to get a house in the next six months? [link] [comments]  |
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